Refer to Exercise 3 where we are trying to link mortgage interest rate (x) to home sales
Question:
Refer to Exercise 3 where we are trying to link mortgage interest rate (x) to home sales (y). The estimated regression equation there was ŷ =90 – 4x.
a. Show the 90% confidence interval estimate of the “population” intercept, . Interpret your interval.
b. Show the 90% confidence interval estimate of the “population” slope, . Interpret your interval.
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The estimated regression equation is 90 4 x x y y 2 x 2 ...View the full answer
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Related Book For
Understanding Business Statistics
ISBN: 978-1118145258
1st edition
Authors: Stacey Jones, Tim Bergquist, Ned Freed
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